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Friday, October 08, 2010

Turner Swaps Vendors

Reported by Armie Margaret Lee

Turner Funds [view profile] has made changes to its vendor lineup.

The Berwyn, Pennsylvania-based firm tapped Foreside Fund Services as the new distributor of the funds, replacing SEI Investments Distribution.

In addition, Turner hired Citi Fund Services to take over from SEI Investments Global Fund Services as sub-administrator. Citi Fund Services now also serves as custodian, replacing PFPC Trust Company. [SEC filing]

The changes took effect October 1.

The filing also stated that effective December 15, Ty Edwards, senior vice president of financial services at Citi Fund Services, will succeed Michael Lawson as controller and chief financial officer of the trust. 

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